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15-A company recently completed a 5-for-2 stock split. Prior to the split, its stock sold for $135 per share and there were 25,000,000 shares outstanding.
15-A company recently completed a 5-for-2 stock split. Prior to the split, its stock sold for $135 per share and there were 25,000,000 shares outstanding. What will be the stock price and number of shares outstanding after the split?
a) $48, 68,500,000
b) $54; 62,500,000
c) $52, 74,500,000
d) $58, 87,500,000
e) $64, 82,500,000
NEED to see the work and formulas PLZ. Will Rate! :)
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